How to pay your VAT Tax bill
When to pay
Your deadline will be shown on your VAT return. Normally this is one month and 7 days after the quarterly VAT return period. So if your VAT quarter ends on 30th June the payment due date is 7th August.
There are different deadlines if you use the Annual Accounting Scheme or pay via Payments on account
Ways to pay
The easiest way to pay your vat bill to HMRC is via same day via faster payment or CHAPs. This will be credited same or next day.
Other ways to pay include cheque and direct debit, but these take 3 working days to clear. .
As there may be unexpected issues with payment providers, especially at peak times, we would recommend payments are made well in advance of any deadline. If the deadline falls on a weekend or bank holiday, your payment must arrive in HMRC’s bank account on the last working day before it (unless you pay by Faster Payments).
Account details to use
| Sort Code | Account number | Account name | Reference |
|---|---|---|---|
|
08 32 00 |
11963155 |
HMRC VAT |
9-digit VAT registration number |
For full details on how to pay your VAT bill go to the HMRC website here
If you have any queries you can contact us directly here: http://www.westlancsaccountants.co.uk/contact/